In its latest filings, Gamco Investors, managed by billionaire Mario Gabelli, has disclosed tweaking its positions in Nobility Homes, Inc. (OTCMKTS:NOBH), Tredegar Corporation (NYSE:TG) and Telephone & Data Systems Inc. (NYSE:TDS). In the first filing, Gamco has reported raising its stake in Nobility Homes, Inc. (OTCMKTS:NOBH) to 235,000 shares from 231,500 shares held previously. The position amasses 5.79% of common stock. In total, Gabelli Funds, Teton Advisors, GSI and Gamco own an aggregate amount of 468,750 shares of the company, up from 427,450 shares reported previously.
Nobility Homes, Inc. (OTCMKTS:NOBH) is engaged in designing, manufacturing and selling manufactured homes through its own retail sales centers throughout Florida. Also, the company is a seller of manufactured homes to independent manufactured home retail dealers and manufactured home communities on a wholesale basis.
In a separate filing, Gamco revealed that it slightly trimmed its stake in Tredegar Corporation (NYSE:TG). Gamco currently owns 3.79 million shares of the company, slightly down from 3.80 million shares disclosed at the end of the fourth quarter. The stake amasses 11.73% of common stock. The overall stake, held by GAMCO, Gabelli Funds, and Teton advisors amasses 4.52 million shares, equal to 14% of the company.
Tredegar Corporation (NYSE:TG) is a manufacturer of plastic films and aluminum extrusions. Headquartered in Richmond, Virginia, the company operates manufacturing facilities in North America, South America, Europe, and Asia. On Feb. 20, the company announced that it has increased the size of its board of directors from 10 to 12.
In another filing, Gamco reported ownership of an aggregate amount of 8.32 million shares of Telephone & Data Systems Inc. (NYSE:TDS). Out of the aggregate stake, Gamco holds 4.80 million shares, the filing shows. The stake amasses 7.74% of common stock.
Mario Gabelli’s asset manager GAMCO Investors has beaten the S&P 500 by a little over 2% per year since inception in 1986, and his small cap picks have done even better. No wonder the firm now invests over $30 billion. Gabelli who was named Morningstar’s Fund Manager of the Year in 1997 and The Institutional Investor’s Money Manager of the Year in 2010.
At the end of the fourth quarter of 2013, total value of the equity portfolio of Gamco was $18.65 billion. Gamco had the largest investment in DIRECTV (NASDAQ:DTV), the position amassing 4.54 million shares, with a reported value of nearly $314 million.